Lupin falls despite reporting 52% rise in Q4 consolidated net profit
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Lupin is currently trading at Rs. 1605.95, down by 73.80 points or 4.39% from its previous closing of Rs. 1679.75 on the BSE.
The scrip opened at Rs. 1686.70 and has touched a high and low of Rs. 1686.70 and Rs. 1561.00 respectively. So far 149632 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1703.80 on 11-Mar-2024 and a 52 week low of Rs. 704.05 on 08-May-2023.
Last one week high and low of the scrip stood at Rs. 1687.30 and Rs. 1561.00 respectively. The current market cap of the company is Rs. 72038.14 crore.
The promoters holding in the company stood at 47.01%, while Institutions and Non-Institutions held 46.05% and 6.93% respectively.
Lupin has reported over 3-fold jump in its net profit at Rs 384.08 crore for the fourth quarter (Q4) ended March 31, 2024 as compared to Rs 119.01 crore for the same quarter in the previous year. Total income of the company increased by 18.52% at Rs 3,427.22 crore for Q4FY24 as compared Rs 2,891.57 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 51.91% rise in its net profit at Rs 368.22 crore for fourth quarter ended March 31, 2024 as compared to Rs 242.39 crore for the same quarter in the previous year. Total income of the company increased by 11.70% at Rs 4,990.04 crore for Q4FY24 as compared Rs 4,467.35 crore for the corresponding quarter previous year.
For the year ended March 31, 2024, the company has reported over 5-fold jump in net profit at Rs 2,326.09 crore as compared to Rs 425.21 crore for the previous year. Total income of the company increased by 30.16% at Rs 14,773.23 crore for year under review as compared to Rs 11,350.09 crore for year ended March 31, 2023.
For the year ended March 31, 2024, on the consolidated basis, the company has reported over 4-fold jump in its net profit at Rs 1,935.57 crore as compared to Rs 447.69 crore for the previous year. Total income of the company increased by 20.44% at Rs 20,130.99 crore for year under review as compared to Rs 16,715.02 crore for year ended March 31, 2023.
